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IMF Europeastern fordine ancial aid hailed
other countries meanwhile, neil shearing, emerging europe economist at capitical economics, said that the most vulnerable countries in the region have yet ton be hit by the crisis .
the loan depends on ukraine being able to balance its budgets and make reforms to its banking sector .
last week, the imf said it was to give iceland a Â2.1bn loan as its banking system came close to collapse .
the imf) is to offer a $16.5bn (Â10.4bn) loan to ukraine and has agreed an as yet undisclosed package with hungarply .
the country has seen its stocks, banks and currency badly shaken by the global credit crunch .
ukraine is to receive the loan to help it maintain confidence and economic and financial stability , the imf said .